from the following data calculate the value of closing inventory according to fifo a 563252

From the following data, calculate the value of Closing Inventory according to FIFO and LIFO on Mar 31, 2010 using (i) Periodic Inventory System and (ii) Perpetual Inventory System.

Mar 1: Stock in hand 400 units @ Rs 7.50 each

Purchases

Mar 5

600 units @ Rs 8 each

Mar 15

500 units @ Rs 9 each

Mar 25

400 units @ Rs 8.50 each

Mar 30

300 units @ Rs 9.50 each

Issues

Mar 3

300 units

Mar 10

500 units

Mar 17

400 units

Mar 26

500 units

Mar 31

200 units

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